Car & Automotive Franchise opportunities to start in Nottingham
Nottingham is waiting for you to start a franchise business
Many brands are currently looking for franchisees in Nottingham, located in the East Midlands. By becoming a franchisee, you could manage your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Nottingham area. Explore our various franchising options to discover the sectors and brands that most appeal to you.
The Nottingham region has 331,000 residents. The 20-39 age group is the most represented within the population. The economically active population in Nottingham amounts to 155,900 people, with an unemployment rate of 8%. This rate is slightly higher than the national average. For the Nottingham area, the average income is £24,333, which is lower than the national average salary of £30,629.
Why the Automotive industry might be a good option for you
There are 27 franchises in the Automotive sector to choose from. You can pick an investment opportunity from two Taxi franchises, three Car Wash franchises, three Tyre franchises, eight Garage & Car Repair franchises and 10 Car franchise. Let our selection of brands be your guide to starting your next exciting investment opportunity. In Nottingham, there are currently 3,000 people employed in the Automotive Sector, so you would become a part of an established business network.
Eager to know more? Here are three franchise business examples
Revive! Auto Innovations is a competitive brand operating in the Automotive sector. The brand is developing, with 60 outlet currently in operation, and a desire to expand further. A total of £32,000, an affordable initial investment, is required to open a Revive! Auto Innovations franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £14,000 of the total investment should come from your personal funds. These low startup costs make this a good franchising option for first-time franchisees. If you can't afford the startup costs on your own, you may be eligible for financial aid.
Another interesting franchise option is Autoremedy Vehicle Repair Service. To start your own Autoremedy Vehicle Repair Service franchise, you will need to invest £30,000, of which at least £9,999 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. These low startup costs make it a good option to pursue for first-time franchisees. You could also benefit from financial aid, if eligible.
As a final Automotive franchise option, have a look at The Wheel Specialist. This brand is expanding, counting 30 location across the UK. To start your business, you will need an initial investment of £160,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For The Wheel Specialist, the minimum personal investment is £60,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. When investing in this franchise, you could qualify for financial aid. See our website for more information.
If you are interested in the Automotive sector and want to discover more franchising opportunities, take a look at the 27 brands available in this sector. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.